Another meme which won’t die and fails to pass the truth test was in an AP item by Julie Pace about President Obama’s decision to defer raising the debt ceiling by $1.2 billion today.

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The AP’s and establishment press’s party line about why the national debt has increased by over $9 trillion during the past decade is flat-out wrong. They won’t change their tune, and yours truly won’t stop refuting it every time it’s seen.